Change in Ratings

Affymetrix ( AFFX) downgraded at Bear to underperform. Estimates also cut, as the company warned of lower sales. $12 price target.

Blockbuster downgraded at JPMorgan from overweight to neutral. Do not like the proposed Circuit City ( CC) deal, as synergies will be difficult to realize. Estimates also cut, to reflect management's latest guidance.

Black & Decker initiated at UBS with a neutral rating and $72 target price. Initiated 2008 EPS estimates of $5.50.

Bemis ( BMS) upgraded at Merrill from sell to neutral. Expectations are low, though the company generates solid free cash flow and pays a hefty dividend.

Crocs ( CROX - Get Report) downgraded at Weisel to market-weight. Company warned of lower sales, and with high fixed costs, margins continue to de-lever.

CSX ( CSX - Get Report) upgraded at UBS. Short-term rating raised to a buy and reiterated neutral 12-month rating. Raised 2008 EPS rating of $3.97 from $3.95 and price target of $62 from $60.

Masco ( MAS - Get Report) initiated at UBS with a neutral rating and $20 price target. Initiated 2008 EPS estimates at 90 cents.

Massey Energy upgraded at JPMorgan from neutral to overweight. Company should benefit from higher metallurgical coal prices through 2009.

Mohawk Industries ( MHK) initiated at UBS with a buy rating and a $95 price target. Initiated 2008 EPS estimates of $5.70.

Seaspan ( SSW) initiated at Jefferies with a buy rating, $33 price target and 2008 EPS estimates of $1.28.

Stock Comments/EPS Changes

Affymetrix 2008 EPS estimates lowered at UBS to 31 cents from 42 cents. Reiterated buy rating and $22 price target.

Boeing ( BA) price target lowered at UBS to $75 from $80. Maintains 2008 EPS estimates of $5.93 and sell rating.

Wachovia ( WB) 2008 EPS estimates lowered at UBS to $1.92 from $3.40. Price target lowered to $35 from $39. Maintains buy rating.

This article was written by a staff member of TheStreet.com Ratings.